The Dhaka Stock Exchange opened the day in the red thanks to the profit-taking tendency among the investors.

The use of machinery for agriculture, particularly tilling land, harvesting crops, threshing grains and packing produce, is rising in northern districts such as Dinajpur and Rangpur as it is cheaper and more efficient compared to manual farming methods, according the Department of Agricultural Extension.

Global tech giants such as Google and Facebook are likely to come under the tax net from the next fiscal year as the authorities plan to make submission of returns mandatory for the firms that have no physical presence in Bangladesh but are doing business here.

The provisioning scenario of banks in Bangladesh further deteriorated in the first quarter of this year for an increase in default loans, an indication of the banking industry’s health having worsened. 

The government is likely to hike value-added tax (VAT) on broadband internet and impose a 5 per cent VAT on handsets manufacturing in the upcoming budget, which will increase handset and internet prices from next fiscal year. 

The government is going to discard its plan to bring all elderly poor under its social safety net programmes in 100 more upazilas in a bid to prevent the non-poor from misusing the support.

The local currency saw a big dip in its value over the last two days after Bangladesh Bank floated exchange rates of the taka against the US dollar on June 2.

In March 2020, when governments around the world announced lockdowns and quarantine to prevent the spread of a contagious disease, no one could anticipate what would happen. Covid-19 changed the order of businesses in such a disruptive manner that it made even long-established corporations rethink management practices and how to do business in this new reality.

The traders will be able to avail 50 types of export-import related services online from now on, Commerce Minister Tipu Munshi said yesterday.

Sales of some 94 per cent of small and medium enterprises (SMEs) dropped during the pandemic and some 21 per cent faced closure, leading to around 37 per cent of employees losing jobs, revealed SME Foundation yesterday. 

Bangladesh Bank has set aside Tk 200 crore to help farmers in six flood-affected districts overcome their losses, according to a Bangladesh Bank circular issued yesterday.

Bangladesh’s labour force has been a key driver of the country’s transformation from a “bottomless basket” to a middle-income country, economists said yesterday.

Prime Bank has unanimously reelected its chairman for a two-year term at its 528th board meeting.

The Chattogram Custom House auctioned off 30,000 tonnes of Hydrogen Peroxide today (June 6, 2022) in an open tender, which was lying at Chittagong Port for four years.

The funds will come from an existing Tk 3,000 crore refinance scheme aimed at providing low-cost loans to farmers with a view to supporting production amid the coronavirus pandemic.

Bangladesh has become a lower middle-income country from a ‘bottom less basket’ in its journey in the last 50 years where the main hero were the labourers, economists said today.

The government will form a new wage board for the garment sector in response to the apparel workers’ continued unrest in the previous four consecutive days, Lawmaker Shajahan Khan said today.

Kabir Securities Ltd (KSL), a brokerage house, has launched artificial intelligence-backed trading chatbot Ninja.

The Bangladeshi customers after their rides with ridesharing giant Uber are leaving three important accessories -- phones, cash and keys.

Most shares on the Dhaka Stock Exchange fell today, as the key index snapped a seven-day winning streak today.